DTN Grain Close: Quick Turnaround After Dumping Specs Thursday

Young corn rows. ©Debra L Ferguson

One day after heavy noncommercial selling took grain prices sharply lower, those same grains turned quickly higher Friday, taking back much of Thursday’ lost ground. It continues to be a volatile time for grains with outside topics distracting traders from stressful crop conditions in the field.

GENERAL COMMENTS:

July corn closed up 22 1/4 cents and December corn was up 33 3/4 cents. July soybeans closed up 66 1/4 cents and November soybeans were up 60 1/4 cents. July KC wheat closed up 21 1/4 cents, July Chicago wheat was up 23 3/4 cents and September Minneapolis wheat was up 6 3/4 cents.

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